Jyoti Resins and Adhesives Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹1,035 Cr
- P/E
- 16.09
- ROE
- 26.91%
- PEG
- 1.10
- Price to sales
- 3.17
- Debt to equity
- 0.00
- 52W high / low
- ₹1,250 / ₹704
- Sales growth (5Y)
- 25.45%
- EBITDA margin
- 23.51%
- Net profit margin
- 22.15%
- Promoter holding
- 54.75%
- Sales (last year)
- ₹327 Cr
Jyoti Resins And Adhesives Ltd. is a manufacturer of synthetic resin adhesives. The company manufactures various types of wood adhesives (white glue), under the brand name of EURO 7000 , which was launched in 2006, and is now the second largest selling wood adhesive brand in India in the retail segment.
Guidance scorecard · Q1 FY27 call
What Jyoti Resins and Adhesives Ltd's management guided
and where it ranks in Chemicals & Petrochemicals
Chemicals & Petrochemicals
RevenueQ1 FY27 call
10–20%- Jyoti Resins & Adhesives Ltd. aims to achieve INR 500 crore revenue by FY29, targeting 15%-20% volume CAGR growth over three years.
- Current Q1 FY27 volume growth is positive, with a mix from both mature and newer markets.
- Capacity expansion to 3,500 tonnes/month by Q2 FY27 is expected to support INR 650 crore revenue potential.
- The company is investing heavily in expanding distribution networks, brand building, and geographic expansion, focusing on tier 2 and 3 cities.
- Management emphasizes a patient, execution-heavy long-term growth strategy, aiming to build on 20 years of invested market presence.
2 more points from Jyoti Resins and Adhesives Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Jyoti Resins and Adhesives Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Current CapEx involves brownfield capacity expansion to increase manufacturing capacity from 2,000 to 3,500 tonnes per month, expected to be operational by Q2 FY27. This can generate INR 600-650 crores revenue.
- Future CapEx plans include a Greenfield facility to add an additional 1,500 tonnes per month capacity aimed at supporting the INR 1,000 crore revenue vision within 3-4 years.
- Estimated initial investment for Greenfield CapEx is INR 45-50 crores, with about 50% allocated to land and the rest to construction and machinery.
- Investments also focus on brand-building, distribution expansion (entry into new states like Jharkhand and planned new state in Q2), and increasing the carpenter network.
2 more points from Jyoti Resins and Adhesives Ltd's call on capex
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FundraisingQ1 FY27 call
See what Jyoti Resins and Adhesives Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- Capacity utilization at 65%-70% of 2,000 tons/month in Q1 FY27; capacity expansion to 3,500 tons/month underway.
- Revenue target of INR 600-650 crores from the expanded capacity planned for quarter 2 FY27.
- Positive volume growth driven by both mature and newer states.
2 more points from Jyoti Resins and Adhesives Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Chemicals & Petrochemicals
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Chemicals & Petrochemicals companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 0–2% | ₹263 Cr | 3.4 | |
| 2 | 40%+ | Flat | ₹4,375 Cr | 83.7 | |
| 3 | 40%+ | Flat | ₹3,259 Cr | 4.0 | |
| 4 | 40%+ | Flat | ₹145 Cr | 15.9 | |
| 5 | 20–40% | Up 2%+ | ₹1.81L Cr | 90.9 | |
| 6 | 20–40% | Up 2%+ | ₹48,366 Cr | 78.3 |
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Pro shows every company guiding 40%+ revenue growth →Full Chemicals & Petrochemicals rankingFinancials of Jyoti Resins and Adhesives Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Jyoti Resins and Adhesives Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 65 | 61 | 63 | 62 | 71 | 69 | 65 | 71 | 79 | 75 | 74 | 72 | 93 |
| Expenses + | 45 | 40 | 42 | 41 | 50 | 46 | 46 | 49 | 54 | 54 | 54 | 53 | 68 |
| Operating Profit | 20 | 21 | 21 | 21 | 21 | 23 | 19 | 22 | 24 | 21 | 20 | 19 | 25 |
| OPM % | 31% | 34% | 34% | 33% | 30% | 34% | 30% | 32% | 31% | 27% | 28% | 26% | 27% |
| Other Income + | 2 | 1 | 1 | 1 | 4 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 2 |
| Interest | 0 | -0 | -0 | -0 | 0 | -0 | -0 | -0 | 0 | -0 | -0 | -0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 21 | 21 | 22 | 22 | 25 | 25 | 22 | 25 | 27 | 23 | 23 | 21 | 27 |
| Tax % | 23% | 25% | 26% | 24% | 25% | 25% | 25% | 24% | 27% | 25% | 26% | 28% | 25% |
| Net Profit + | 16 | 16 | 16 | 16 | 19 | 19 | 16 | 19 | 20 | 17 | 17 | 15 | 20 |
| EPS in Rs | 13.68 | 13.11 | 13.48 | 13.70 | 15.64 | 15.63 | 13.58 | 15.88 | 16.48 | 14.48 | 14.30 | 12.81 | 16.73 |
Financials of Jyoti Resins and Adhesives Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 26 | 46 | 41 | 54 | 69 | 74 | 101 | 182 | 261 | 257 | 284 | 315 |
| Expenses + | 25 | 45 | 40 | 52 | 66 | 62 | 91 | 158 | 201 | 173 | 195 | 230 |
| Operating Profit | 1 | 1 | 1 | 2 | 3 | 12 | 10 | 24 | 61 | 84 | 89 | 85 |
| OPM % | 3% | 3% | 3% | 3% | 4% | 16% | 10% | 13% | 23% | 33% | 32% | 27% |
| Other Income + | 0 | 0 | 0 | 0 | 1 | 0 | 6 | 3 | 2 | 7 | 11 | 12 |
| Interest | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 2 | 2 |
| Profit before tax | 0 | 0 | 1 | 1 | 3 | 11 | 16 | 26 | 61 | 90 | 99 | 95 |
| Tax % | 33% | 33% | 31% | 30% | 28% | 27% | 25% | 25% | 24% | 25% | 25% | 26% |
| Net Profit + | 0 | 0 | 0 | 1 | 2 | 8 | 12 | 20 | 46 | 67 | 74 | 70 |
| EPS in Rs | 0.18 | 0.18 | 0.32 | 0.88 | 1.83 | 6.75 | 10.14 | 16.47 | 38.70 | 55.93 | 61.56 | 58.32 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | 12% | 10% | 15% | 16% | 16% | 15% | 15% |
Financials of Jyoti Resins and Adhesives Ltd
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 12 | 12 | 12 | 12 |
| Reserves | 0 | 0 | 1 | 2 | 4 | 24 | 40 | 59 | 94 | 154 | 217 | 277 |
| Borrowings + | 9 | 8 | 8 | 0 | 1 | 1 | 0 | 0 | -0 | -0 | -0 | -0 |
| Other Liabilities + | 7 | 17 | 36 | 51 | 74 | 91 | 100 | 89 | 105 | 125 | 139 | 137 |
| Total Liabilities | 21 | 29 | 49 | 58 | 82 | 120 | 144 | 152 | 211 | 292 | 368 | 426 |
| Fixed Assets + | 1 | 1 | 1 | 4 | 5 | 19 | 39 | 46 | 47 | 48 | 48 | 50 |
| CWIP | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 6 | 3 | 0 | 0 | 0 | 2 | 47 |
| Other Assets + | 20 | 28 | 48 | 53 | 77 | 96 | 102 | 105 | 163 | 243 | 318 | 329 |
| Total Assets | 21 | 29 | 49 | 58 | 82 | 120 | 144 | 152 | 211 | 292 | 368 | 426 |
Financials of Jyoti Resins and Adhesives Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -4 | 1 | 4 | 3 | 4 | 7 | 10 | 3 | 1 | 27 | 15 | 48 |
| Cash from Investing Activity + | -0 | -0 | -1 | -2 | -1 | -7 | -9 | -2 | -0 | 5 | 8 | -37 |
| Cash from Financing Activity + | 4 | -1 | -1 | 0 | 0 | 0 | -2 | -1 | -3 | -7 | -11 | -11 |
| Net Cash Flow | 0 | 0 | 2 | 2 | 3 | 0 | -1 | -1 | -2 | 24 | 12 | -0 |
| Free Cash Flow | -4 | 1 | 4 | -0 | 3 | 5 | -6 | -5 | -2 | 25 | 13 | 45 |
| CFO/OP | -443% | 67% | 302% | 196% | 177% | 85% | 131% | 38% | 24% | 60% | 45% | 85% |
Financials of Jyoti Resins and Adhesives Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 205 | 165 | 333 | 294 | 288 | 264 | 188 | 129 | 128 | 133 | 161 | 185 |
| Inventory Days | 139 | 121 | 110 | 57 | 43 | 89 | 44 | 36 | 16 | 29 | 34 | 33 |
| Days Payable | 162 | 166 | 142 | 26 | 23 | 41 | 17 | 8 | 46 | 58 | 72 | 37 |
| Cash Conversion Cycle | 182 | 119 | 301 | 325 | 308 | 313 | 214 | 157 | 98 | 104 | 122 | 181 |
| Working Capital Days | 65 | 35 | -3 | -14 | -23 | -83 | -99 | -15 | 1 | 10 | 31 | 137 |
| ROCE % | 7% | 9% | 10% | 18% | 43% | 57% | 40% | 46% | 73% | 66% | 50% | 37% |
Guidance history
How Jyoti Resins and Adhesives Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | Planned | — | — |
| Q4 FY26 call → | 10–20% | Flat | Planned | None planned | — |
| Q3 FY26 call → | 10–20% | Flat | Planned | None planned | — |
| Q2 FY26 call → | 20–40% | Flat | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
21 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −30.6% | 22% |
| Last 6 months | +2.8% | 58% |
| Last 3 months | −7.4% | 47% |
The price is 50.5% below its all-time high of ₹1,744.85 (23 Sept 2022). Stocks more than 20% below their peak have their score halved, so 41 became 21.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Jyoti Resins and Adhesives Ltd: 0.4 × 22 + 0.4 × 58 + 0.2 × 47 = 41, halved to 21 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Jyoti Resins and Adhesives Ltd's management said in earlier quarters
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